I wonder how the good folk of the north east who largely voted for Brexit feel now? The head of Nissan was on the radio this morning talking about future investment in the Sunderland plant and how a hard Brexit would force them to invest in new models within the EU unless the govt paid any WTO import duties. 50,000 jobs in supply chain could eventually be affected.

Similarly in the FT
Jaguar Land Rover, the UK’s largest carmaker by units, has said that any new tariffs introduced after Britain leaves the EU will make its business uncompetitive and put jobs at risk.

Hanno Kirner, the company’s strategy director, said in a speech ahead of the Paris Motor Show that trade barriers would “not only affect what we sell, but what we buy and it will ultimately damage our business and British jobs”.

His comments are the most severe warning from JLR about the potential impact from Brexit and were accompanied by a statement from the car industry’s trade body that access to the EU single market was essential. 3 x FL1 2 manual + 1 auto
5 x FL2 4 manual + 1 auto
Now Discovery Sport P250 MHEV SE

Quote:

Similarly in the FT
Jaguar Land Rover, the UK’s largest carmaker by units, has said that any new tariffs introduced after Britain leaves the EU will make its business uncompetitive and put jobs at risk.

As for Brexit, its just another load of scaremongering by those who didn't want to leave

You haven't noticed that the pound is down about 12% since June then? This has yet to filter through generally to import costs (diesel has gone up about 10p/litre and people don't seem to have noticed). 3 x FL1 2 manual + 1 auto
5 x FL2 4 manual + 1 auto
Now Discovery Sport P250 MHEV SE

And you presumably haven't noticed that the UK markets are at record highs (substantially above pre-brexit levels, and with the DAX, for example, down on its 12-month pre-Brexit high) demonstrating that industry in general is quite happy with the way things are going!

The FTSE100 is high because a lot of companies in the index are dollar denominated and not actually that affected by the UK (think Shell, BP, GSK, BAT etc) so as the pound falls the value of those shares (in £s) goes up. If you look at smaller UK companies it's a different story, market are largely flat The FT's view is that a lot of investment is being held back and we haven't seen the full outcome yet.

PS the DAX is all over the place due to the current Deutsche Bank problems. 3 x FL1 2 manual + 1 auto
5 x FL2 4 manual + 1 auto
Now Discovery Sport P250 MHEV SE

since Brexit, i have not noticed any change at all in my daily life, shopping bills still the same, and so on, so i'm still happy with my vote Former Mod/Member, with the most post & Chicken George Arch nemesis

Lets be honest...... nobody really knows what the medium - long term effects of Brexit will be.

But one thing that we can be sure of is that pretty much everyone involved in the financial industry will try every trick in the book to make sure that their personal piggy bank is kept as high as possible at the expense of all others.

Hmm - perhaps I should invest in some of Italy's or Germany's banks. The EU is teetering on the point of implosion. Lots of sabre rattling going on but at the end of the day if the EU impose trade sanctions then we will also impose trade sanctions and as we import more than we export to the EU millions of European workers will be out of work.

Brexit means Brexit so get over it

Snapshot of footsie 350 and 250 showing circa 10% uplift over 3 months.

http://www.hl.co.uk/shares/stock-market-summary/ftse-350

http://www.hl.co.uk/shares/stock-market-summary/ftse-250

And similar story for the small cap market

http://www.hl.co.uk/shares/stock-market-summary/ftse-small-cap

 MY 09 GS manual in Lago Grey, Wood Co arm rest and side bumper strips - now sold.

MY 15 SD4 SE Auto Orkney Grey with colour coded Bumper Door Mouldings

Last edited by tenet on 30th Sep 2016 10:33 am. Edited 1 time in total

just to add, if this turns in to a slanging match over Brexit views then i will close the thread

Just in case  Former Mod/Member, with the most post & Chicken George Arch nemesis

tenet wrote:

Hmm - perhaps I should invest in some of Italy's or Germany's banks.

Deutsche Bank, perhaps...

Quote:

Snapshot of footsie 350 and 250 showing circa 10% uplift over 3 months.

Im OK weak pound has firmed the price I can sell chickens at, without adversely affecting feed costs (imported soya inflation risk)

but I am sure this is a temporary thing, trade agreements could bring a huge amount of cheap produce into this country flooding the market I sell into.

saying that , I'm in the process of planning permission for a 5th chicken shed , Another 200,000 birds a year for you lot to consume At work
At home

"I can't always believe facts I read on the web" - Charles Dickens

winner by default of the tractor vs caravan race

I was talking about long term issues which seem to be pointing towards investment problems several years down the line. Yesterday Capita announced a profit warning as a lot of their clients are delaying long term spending decisions.

My daughter works in the Universities sector and she says that a lot of EU funded research grant applications are already getting rejected on the grounds that we won't be around to take part and we haven't even left yet! 3 x FL1 2 manual + 1 auto
5 x FL2 4 manual + 1 auto
Now Discovery Sport P250 MHEV SE

The pound is being kept low to help exports that's why we are booming more than other euro economies. it will eventually creep back to it's natural level as it's effectivly been devalued. Oil is in dollers so euro pound rate has no affect on price.
Big German car makers and Bosh etc already been to Merkel and told her not to upset us to much, french just sabre rattling. Merkel and Hollande will probably be gone in the next round of elections so May waiting to see who floats to the top.
Brexit means Brexit from the EU but a new Euro trading partnership will probably emerge. The reality is not a lot will change so sorry to anyone who thought it would.

Last edited by andy3681 on 30th Sep 2016 1:54 pm. Edited 3 times in total

npinks wrote:

just to add, if this turns in to a slanging match over Brexit views then i will close the thread

Just in case

...and I wlll re-open it










within reason

 Former Mod/Member, with the most post & Chicken George Arch nemesis